The COVID-19 pandemic and panic is well on its way to eclipsing the Great Financial Crisis of 2008 and the Great Depression of 1929 as the most devastating economic event in modern human history. But humanity has a way of surviving even the greatest calamities … odds are we’ll survive this one too. So, we’re
Month: May 2020
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NEW YORK—Starwood Capital Group has made a $325 million strategic investment in mortgage lender TPG RE Finance. Its non-voting investment, made in the form of preferred stock and detachable warrants to purchase the company’s common stock, comes as the mortgage REIT struggles to regain its footing after issuing a going concern warning that it may
Sonya Carp and her husband own two short-term rental properties in Florida, and they have decided to list one for sale as a result of the coronavirus pandemic. Courtesy of Sonya Carp Consolidation is hitting the market for short-term home rentals as the coronavirus pandemic has curtailed travel dramatically this year. Small landlords and venture-backed
A Mamaroneck, N.Y. house on Long Island South with 7 bedrooms, 8 baths, on 1.269 acres. The asking … [+] price is $4,995,000 and a contract was signed on 5/11/2020. The house was originally listed in 2018 for $7.495,000 Coldwell Banker Over three days in April, National Football League commissioner Roger Goodell hosted the draft
Kevin O’Leary told CNBC on Friday the coronavirus crisis has shown that remote working is good for employees and a business’s bottom line. “Productivity is significantly higher when you give people what they want,” the “Shark Tank” investor said on “Squawk Box.” ”Maybe they’re taking care of an aged parent, maybe they’re raising kids, maybe they don’t want to
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary. Getty It was another record-breaking week for mortgage rates. According to the latest data from Freddie Mac, rates on 30-year loans bottomed out again, hitting a new all-time low of just 3.15%. That’s down from 3.25% last week and 3.99%
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